Small and medium-sized businesses are the backbone of the Canadian economy. During this extraordinary time, the Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families.
The Government and public health officials are urging all Canadians to:
As of this morning the Government of Canada has released the following statement regarding tax filings and payments:
Flexibility for Taxpayers
In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, i...
Smith & West is looking to add a seasonal staff member to our team for the upcoming 2020 Tax Season. If you are interested in applying, please email firstname.lastname@example.org with your resume and a cover letter.
Smith & West is pleased to announce that Shane Meagher has received his Chartered Professional Accountant's designation from CPA Ontario. Shane has now been appointment to a new position of Tax Manager with Smith & West.
Smith & West CPA is proud to announce the successful completion of the Common Final Examination for our Chartered Professional Accountant students. Mark Adderley, Katie LeMoine, Mona Ayoub & Shane Meagher successfully passed the exam and are on their way to obtaining their CPA designation. We are proud of their hard work and dedication!
Canada Revenue Agency is cracking down on individuals and companies who use the services of Cheque cashing services. Institutions like Cash Money or Money Mart are the targets of a new round of CRA audits, specifically seeking patrons who are self-employed and not reporting their revenues & HST by depositing the payments from clients into different banks...
In accordance with the Canadian Income Tax Act, Canadian residents are required to report all Income for Tax Purposes including offshore assets in excess of $100,000. In addition to reporting foreign income, Canadians are taxable in Canada on that income. If you fail to report your foreign income, CRA considers this tax evasion and is punishable by fine...